Taxes

What Money Is Tax Free?

Elizabeth Macauley and Janet Berry-Johnson

As a small business owner, when tax season arrives each year, you may feel a mix of dread, apprehension, and stress, but it doesn't have to be this way. You can ease these symptoms by gaining a clearer understanding of what you owe for... Continue

This is a Tax Deduction Every Small Business Owner Will Hate to Take this Year

Gene Marks and Ben Gran

Sometimes business owners have accounts receivable that will never be paid. They may also have inventory that they never use. If this feels like a loss, it's because it is. Most small business owners want to reduce taxable income... Continue

15 Things You Didn’t Know About Travel and Entertainment Tax Deductions

Gene Marks and Ben Gran

[This article has been updated to reflect the new tax law that went into effect on January 1, 2018] You took a few trips last year and now that it's tax time, you're deducting all of your travel expenses because it's all cool, it's all... Continue

5 Really Dumb Ways to Save Money On Your Taxes

Gene Marks and Ben Gran

[This article has been updated to reflect the new tax law that went into effect on January 1, 2018] If you want to save money for your business, there are plenty of legitimate ways to save money on taxes. Unfortunately, some business... Continue

7 Myths About the Research and Development Tax Credit for Small Business Owners

Gene Marks and Ben Gran

[This article has been updated to reflect the new tax law that went into effect on January 1, 2018] The Research and Development Tax Credit (sometimes called Research and Experimentation, or just the R&D Tax Credit) is a business... Continue

How To Pay Less Taxes & Not Accidentally Overpay

Gene Marks and Ben Gran

[This article has been updated to reflect the new tax law that went into effect on January 1, 2018] Are you overpaying your small business's taxes? Many small business owners unwittingly overpay on tax bills every year. You're probably... Continue

Three Stupid Reasons Why You’re Paying Too Much in Taxes

Gene Marks

Every year you probably say that you’re paying too much in taxes. You’re probably correct. Some of this may be because of your tax bracket, your business structure or some other factor, but it may also be because of the mistakes... Continue

5 Best States for Small Business Taxes

Julie Bawden-Davis and Ben Gran

You can't escape taxes when running a small business, but depending on where you are located, you can minimize your taxable income. Small business tax requirements vary greatly from state to state, which means where you choose to set up... Continue

5 Top Tax Issues for Small Businesses

Barbara Weltman and Ben Gran

[This article has been updated to reflect the new tax law that went into effect on January 1, 2018] Business decisions have tax consequences — whether it's investing in new business equipment, giving your employees a raise, or making... Continue

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